Gold prices in Egypt on August 31, 2026
The article reviews the stability of gold prices in Egypt at the start of trading on August 31, 2026, with the price of 21-karat gold reaching approximately 6,330 pounds for selling. This comes amid a continued global decline in gold prices due to expectations of a US interest rate hike and inflation. Globally, gold has hit its lowest levels in two weeks, influenced by statements from Federal Reserve officials that suggest a potential increase in interest rates, which diminishes gold’s attractiveness and leads to falling prices. The price of an ounce declined by 0.8% to $4,417.04. Additionally, the price of the gold pound decreased to 50,640 pounds for selling.
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